How do I set the rounding value at for example 5K?
Harvester Payroll help topic
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Topic Title Click to open |
Help Answer & Related Training |
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| Rounding Off Value greater than 2K for new currency |
How do I set the rounding value at for example 5K?
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How do I set the rounding value at for example 5K?
Go to Company settings and then in the "Rounding Value for Payslips" field you can specify the Rounding off value. Enter for example 5.
Click "Submit".
Process your wages and then on the Cash Breakdown report, look for the drop down menu at the top and change to:
1) K5 or
2) K1 or any value higher than K5 setting. (Even though you are using K5 rounding in this example)
You will notice that when you press search the rounding values will show accordingly.
When Rounding is set to 5K:
K2s and 1s are no longer used as these are the old denominations.
Harvester will still allow you to choose the 1 Kwacha rounding.
For exact rounding, you need to put your rounding of net wage to k5 so it does the new denominations. If you choose K1 rounding then you have to get K1 coins.
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